Pantheon International Reports Stable Net Asset Value in April
Pantheon International recently released its unaudited net asset value per share for April, showing a slight increase from the previous month. The company reported a net asset value of £2.3bn, with a net portfolio cash flow of -£7.8m. The growth in net asset value per share was driven by various factors, including valuation losses, investment income, foreign exchange movements, share buybacks, and expenses.
Private Equity Assets and Investments
As of the end of April, Pantheon International’s private equity assets totaled £2.5bn, with net available cash balances of £11m. The company also had an outstanding asset-linked note of £27m and undrawn commitments of £771m. Pantheon maintained a £500m multi-currency revolving credit facility, with £69m drawn as of 30 April. Additionally, the company had $150m (£120m) in private placement notes, resulting in a net debt-to-net asset value ratio of 7.8%. In April, Pantheon committed £34m to new investments, including ventures in North American venture capital, Dutch insurance, and US healthcare technology.
Share Buybacks and Market Performance
During the month, Pantheon executed £8m in share buybacks, purchasing shares at a discount to the prevailing net asset value per share. As of 1153 BST, shares in Pantheon International were up 0.06% at 326.7p. Overall, the company’s performance in April reflects a stable net asset value and strategic investments in various sectors.
The article by Josh White provides insights into Pantheon International’s financial standing and investment activities for the month of April, showcasing the company’s commitment to growth and value creation in the market.